Bihar Gramin Bank Mahadeo Nagar IFSC Code

When you need to send or receive money digitally to or from the Bihar Gramin Bank branch in Mahadeo Nagar, Sheikhpura, the Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address, ensuring your funds go to the correct bank and branch. It’s crucial for various online transactions such as National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your money transfer cannot be completed.

Branch Details

Here are the key details for the Bihar Gramin Bank, Mahadeo Nagar branch:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Mahadeo Nagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3315
Branch Address	Mahadeo Nagar, Sheikhpura, 811203
Contact Number	8102313232
City	Sheikhpura
District	Sheikhpura
Reason	NAWADA
Pincode	811203
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank. This means that all banking operations, including digital fund transfers, use IFSC codes provided by Punjab National Bank.

For the Mahadeo Nagar branch, the new and currently valid IFSC code is PUNB0MBGB06. It is very important to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked and are no longer valid for transactions. Always use the new Punjab National Bank-sponsored IFSC code for all your financial transactions with Bihar Gramin Bank.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers in India. Think of it as a specific postal code for financial transactions.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the Mahadeo Nagar branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code is a standard part of initiating online fund transfers. Here’s how it generally works for NEFT, RTGS, and IMPS transactions:

1. Log In: Access your net banking account or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you want to make, such as NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves providing the following details:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., Mahadeo Nagar)
   • The correct IFSC Code (e.g., PUNB0MBGB06)
4. Verify Details: Always double-check all the information you’ve entered, especially the account number and IFSC code, to prevent errors.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm Transaction: Review the transaction summary and confirm. You might need to enter an OTP (One-Time Password) for security.

Once confirmed, the funds will be transferred to the beneficiary’s account based on the chosen transfer method.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the recipient’s branch, offers several advantages:

• It ensures accurate and secure digital fund transfers, preventing money from going to the wrong account.
• It is mandatory for all major online payment systems like NEFT, RTGS, and IMPS.
• It helps in quick identification of the bank and its specific branch, speeding up the transaction process.
• It’s needed for setting up automatic payments or direct debits from your account.
• Having it handy saves time when you need to provide your bank details for receiving payments.

Contact Information

For any queries or assistance related to Bihar Gramin Bank, Mahadeo Nagar branch, you can use the following contact details:

• Branch Phone Number: 8102313232
• Branch Address: Mahadeo Nagar, Sheikhpura, 811203, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the IFSC code for Bihar Gramin Bank, Mahadeo Nagar branch?
A1: The IFSC code for Bihar Gramin Bank, Mahadeo Nagar branch, is PUNB0MBGB06.

Q2: Is the IFSC code same for all Bihar Gramin Bank branches?
A2: No, the first four characters (PUNB) and the fifth character (0) are common for all branches under Punjab National Bank sponsorship. However, the last six characters are unique to each specific branch. Therefore, the IFSC code is different for each branch.

Q3: What should I do if I enter an incorrect IFSC code during a transaction?
A3: If the IFSC code is incorrect, the transaction will typically fail. The money will not be debited from your account or will be reversed within a few hours or days. Always double-check the IFSC code before confirming any transfer to avoid delays or potential issues.

Q4: Why did Bihar Gramin Bank change its IFSC codes?
A4: Bihar Gramin Bank was formed by merging Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. As part of this merger and its sponsorship by Punjab National Bank, new IFSC codes were issued. This ensures standardized banking operations and seamless digital transactions under the new merged entity.

Q5: Can I find the IFSC code on my passbook or chequebook?
A5: Yes, the IFSC code is usually printed on your bank’s passbook and on the top left corner of your chequebook leaf. It is always a good idea to cross-reference this with online sources or the bank’s official website for the most current information, especially after a merger.